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BNP Paribas completes Fortis merger

BNP Paribas Investment Partners and Fortis Investments have been formally merged into a combined entity called BNP Paribas Investment Partners (BNPP IP). BNPP IP will act as the asset management arm of BNP Paribas. BNPP IP is the fifth-largest asset manager in Europe and the 11th largest in the world, with €530 billion (US$494.5 billion) in assets under management. BNPP…

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